Gamco Investors INC. ET AL Increases Stock Holdings in Crane Holdings, Co. (NYSE:CR)

Gamco Investors INC. ET AL increased its holdings in Crane Holdings, Co. (NYSE:CRGet Rating) by 0.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,489,711 shares of the conglomerate’s stock after buying an additional 10,151 shares during the quarter. Crane comprises approximately 1.5% of Gamco Investors INC. ET AL’s portfolio, making the stock its 6th biggest position. Gamco Investors INC. ET AL owned about 2.66% of Crane worth $161,306,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Bank of America Corp DE lifted its holdings in Crane by 27.3% in the fourth quarter. Bank of America Corp DE now owns 156,446 shares of the conglomerate’s stock valued at $15,914,000 after acquiring an additional 33,570 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Crane by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 628,579 shares of the conglomerate’s stock worth $63,943,000 after purchasing an additional 11,193 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Crane by 30.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 14,931 shares of the conglomerate’s stock worth $1,519,000 after buying an additional 3,446 shares during the last quarter. Teacher Retirement System of Texas grew its position in Crane by 19.6% during the fourth quarter. Teacher Retirement System of Texas now owns 8,973 shares of the conglomerate’s stock valued at $913,000 after buying an additional 1,468 shares during the period. Finally, Pinebridge Investments L.P. bought a new position in Crane in the fourth quarter worth approximately $142,000. Hedge funds and other institutional investors own 69.62% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CR. UBS Group reduced their price target on Crane from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, July 28th. StockNews.com upgraded shares of Crane from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $125.00.

Insider Buying and Selling

In related news, CFO Richard A. Maue sold 10,000 shares of the stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $101.78, for a total value of $1,017,800.00. Following the sale, the chief financial officer now directly owns 77,420 shares of the company’s stock, valued at approximately $7,879,807.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Crane news, CFO Richard A. Maue sold 10,000 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $101.78, for a total value of $1,017,800.00. Following the sale, the chief financial officer now owns 77,420 shares in the company, valued at $7,879,807.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Alejandro Alcala sold 21,863 shares of Crane stock in a transaction on Friday, August 19th. The stock was sold at an average price of $104.13, for a total value of $2,276,594.19. Following the sale, the senior vice president now owns 22,177 shares of the company’s stock, valued at $2,309,291.01. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

Crane Stock Performance

Shares of NYSE CR opened at $94.08 on Wednesday. The firm’s fifty day moving average is $96.72 and its two-hundred day moving average is $97.62. Crane Holdings, Co. has a 52-week low of $82.14 and a 52-week high of $114.87. The company has a market cap of $5.28 billion, a P/E ratio of 9.48, a P/E/G ratio of 1.31 and a beta of 1.57. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.52 and a current ratio of 2.04.

Crane (NYSE:CRGet Rating) last posted its earnings results on Monday, July 25th. The conglomerate reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. The company had revenue of $864.30 million for the quarter, compared to the consensus estimate of $821.76 million. Crane had a return on equity of 22.10% and a net margin of 17.56%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 earnings per share. As a group, analysts anticipate that Crane Holdings, Co. will post 7.68 EPS for the current fiscal year.

Crane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 31st will be issued a $0.47 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.00%. Crane’s dividend payout ratio (DPR) is presently 18.95%.

Crane Profile

(Get Rating)

Crane Holdings Co, together with its subsidiaries, manufactures and sells engineered industrial products in the Americas, Europe, the Middle East, Asia, and Australia. The company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials.

See Also

Want to see what other hedge funds are holding CR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane Holdings, Co. (NYSE:CRGet Rating).

Institutional Ownership by Quarter for Crane (NYSE:CR)

Receive News & Ratings for Crane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane and related companies with MarketBeat.com's FREE daily email newsletter.